Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Thailand Inflation Remains Negative for 10th Straight Month in January 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Oil prices edged higher in early Asian trading Monday after U.S. President Donald Trump extended the deadline for trade talks with the European Union, easing fears of looming tariffs that could weigh on global growth and oil demand. Brent crude rose 37 cents (0.6%) to $65.15 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 34 cents (0.6%) to $61.87 by 0001 GMT.
Analyst Tony Sycamore of IG Markets noted the "nice push higher" in both crude and U.S. equity futures following the deadline extension. Trump said he granted the EU’s request, led by Commission President Ursula von der Leyen, for more time to strike a trade deal, pushing the deadline to July 9.
Oil prices also gained momentum after limited progress in U.S.-Iran nuclear negotiations reduced fears of increased Iranian crude supply. Additionally, pre-Memorial Day short covering by U.S. buyers contributed to Friday’s 0.5% gain in both Brent and WTI.
Further supporting prices was the latest report from Baker Hughes, showing U.S. energy firms cut the number of active oil rigs by eight last week, bringing the total to 465—the lowest since November 2021—amid pressure from recent price softness.
However, upside remained capped by expectations that OPEC+ could increase production further. The group may raise July output by an additional 411,000 barrels per day (bpd), with Reuters reporting plans to fully unwind its remaining 2.2 million bpd voluntary cuts by the end of October. The group had already adjusted targets upward by 1 million bpd for April through June.
Global oil markets remain sensitive to geopolitical developments, trade negotiations, and supply-side adjustments, all of which will shape near-term crude price trends.
